Spending too Much Money on Electric Heat?
How to save money with a fireplace or stove if you only have electric heat?
Electric bills are going up. If you heat exclusively with electricity near us, your PECO bill is higher than ever. Good news, you can turn down your thermostat and heat with a fireplace or stove. Heat where you spend the most time. Zone heating is the best way to stay warm and save money. Learn more!
Why are electricity prices increasing in Southeastern PA and beyond?
Technology is advancing and that progress requires electricity. The $325-per-megawatt-day price for generating capacity in 2028 and 2029 is at the max price under a limit established by Governor Shapiro and his team last year after the 2024 auction closed at a record price of $269.92 per megawatt-day. Data center growth is raising prices on the cap and that demand is not slowing down anytime soon.
What are the real world impacts to my electric heating bill in 2026?
There are 67 million consumers impacted by PJM’s auctions across 13 states. On your average bill, you can expect a yearly increase of about $280 – $330. This number will go up, especially for folks using exclusively electric heating solutions through the winter.
How can I save money on my electric heating bill with a fireplace or stove?
Turn down your thermostat to 62 degrees. Keep most of your unused home cold. Heat where you live and spend the most time. Zone heating creates warmth for your most used spaces. Heat pumps and mini-splits can absolutely offer zone heat, but they do not create a gathering space. No one chooses to gather around a mini-split. Fire offers direct warmth that warms your bones. Much like a hot shower, a warm fire after a cold day is one of life’s greatest pleasures.
Why is fuel choice important for homeowners in cold climates?
Fuel choice offers peace of mind. Do not rely on only one fuel to keep your home warm through the winter. Dual fuel is always recommended in cold climates. You do not want to be stuck with only electric heat in the middle of the winter.
We believe in a person’s right to choose the fuel they want to use for warmth. Every region is different and each home has unique needs with a budget. Being stuck with electricity as your only option for home heat can be scary in a power outage or below zero temperatures. Heat pumps these days offer 300% efficiency and impressive heat, but they become unreasonably expensive when it is under zero degrees outside. If you live in a drafty SE PA home, chances are a heat pump will not provide the heat you need by itself.
Fuel choice between an electric heat pump and a gas fireplace insert is a top choice for many homeowners. Folks love to turn on a gas fireplace insert for 2-6 hours in the evening. At bedtime, you shut off your gas insert and snuggle up under the covers. Many people keep their thermostat at 62 degrees through the winter and use a gas fireplace insert to heat where they spend the most time. This saves money every year through the winter and changes the way homeowners relax every night.
The Stove Shop Fireplace Experts helps our customers stay warm and save money. Visit our fireplace design showroom in Phoenixville, PA.